GST Filing Made Easy

Businesses with turnover of less than Rs 5 crore will now have to only do quaterly filings, instead of monthly filings. However, tax shall be charged monthly.

It is estimated that 93% of small businesses will get benefited by this massive change.

As the same time, exemption limit for small businesses in states: Assam, Arunachal Pradesh, Himachal Pradesh, Himalaya, Sikkim have now been increased to Rs 20 lakh, from Rs 10 lakh.

And, finally, very soon, RFID will be introduced which will have GSTN embedded. This will make the lives of truck drivers easier, as they won’t be harassed at every toll. The RFIDs will have complete information about the tax filed, and tax expected.

Mohul keenly observes the nuances of Indian startup world; and tries to demystify the secrets behind Technology, Marketing, Mobile and Internet. He is a Writer by passion, Marketer by choice and Entrepreneur by compulsion. Follow him on Twitter here: @_mohul